Today, there are a large number of very different projects in the cryptocurrency market. The choice depends on the personal preferences of a potential investor and the amount he is willing to invest in digital assets.
If traders are thinking about what cryptocurrency to buy, it is worth paying attention to the fact that Ilon Musk, an ardent fan of Dogecoin, is preparing to launch his artificial intelligence. Why does this matter? It’s all about the fact that, according to some opinions, the new project will be able to accept payment in the form of DOGE tokens.
Supporters of this point of view believe that such an event can positively affect the price of Dogecoin and raise it to $1. In this article, we want to understand how realistic these predictions are and pay attention to another available cryptocurrency that can grow 50 times.
A cheap cryptocurrency that could surpass Dogecoin is Love Hate Inu
The company Love Hate Inu is currently actively working on a project that has no analogues. This is a platform for online polls and voting, where users won’t have to worry about anyone from the outside being able to buy a vote or influence the process.
The developers are going to achieve this with the help of technology known as Vote-to-Earn (vote and earn). Its main advantage is the ability to earn LHINU tokens by taking polls.
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The technology will record every participation of a user in polls. Accordingly, the more active he or she votes and shares his or her opinion, the bigger the reward will be.
The company is going to provide full access to the platform after the final pre-sale. It is expected that this will happen in the near future. 10% of tokens that will remain from the total number of coins will go to the listing and will be given to users as part of the rewards system.
Right now, early investors can buy the asset at a price of $0.000115. It will rise to $0.000125 in as little as a week.
Love Hate Inu platform features:
- Favorable price at the pre-sale stage.
- High development potential.
- Growth in the price of cryptocurrency as new stages of presale come.
Dogecoin: forecast
Recently, Ilon Musk announced that he plans to start working on the development of his own artificial intelligence. It will be called TruthGPT. The project should create a competition to the famous ChatGPT. The intended purpose of the planned development is to search for truth and understand the nature and essence of the universe.
The billionaire claims that his brainchild should set the bar high in creating honest and safe tools equipped with AI. In this way, the entrepreneur opposes censorship in the information that users will receive.
Moreover, he states that if AI is programmed to explore the universe, it will be possible to minimize the risk of threatening humanity. To work on the startup, Musk turned to scientists who specialize in the peculiarities of the functioning of artificial intelligence.
It became known that shortly before his announcement, he registered the company X.AI, the work of which will be carried out in the field of AI. According to Musk, his project should compete with Microsoft and Google and their fully commercial platforms (OpenAI and ChatGPT).
Experts believe that Ilon Musk’s love for Dogecoin will lead to the fact that DOGE tokens will be actively used in the ecosystem of his own project. Before we get to the latest Dogecoin news, it is worth remembering that the coin was launched back in the winter of 2013.
The price of the coin has been constantly changing over the past few years. The reason for this was due to various events.
| Reason | Reaction |
|---|---|
| In his account, Ilon Musk created a poll to get the opinion of his subscribers on whether Tesla should accept payment for its cars in tokens | As a result, the price of the coin rose by 17% |
| Later, the AMC movie theater chain began accepting payment in cryptocurrency – users were given the opportunity to buy gift cards for different tokens. | The exchange rate almost doubled |
| Musk also mentioned that DOGE is likely to be accepted as payment in Twitter | DOGE price increased from $0.17 to $0.24 |
| At the end of 2021, the coin was among the top five most popular queries on Google | The growth amounted to almost 64% |
Due to the latest news, Dogecoin’s forecast now looks as follows: in January this year, experts said that the coin is expected to be bullish on the digital asset market, and by December its price will be $0.0145 per piece.
Internet resource DigitalCoinPrice suggests that this year the average price of the coin will be at $0.2.
In 2025, Dogecoin’s forecast is that the token will reach $0.33. However, no expert is yet ready to say whether Dogecoin will cost $1. Currently, you can buy Dogecoin at a price of $0.09.
Wrap-up
The cryptocurrency market has a fairly high level of volatility. It is enough to look at the price history of Dogecoin to be convinced of this. However, despite how volatile prices can be at times, some crypto projects have growth prospects after the completion of pre-sales. That’s why we are paying attention to an altcoin like Love Hate Inu. It has a good chance of bringing early investors big profits after the listing and platform release.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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